Michael Mace not only has profound insight in the mobile tech industry, but he is also a talented writer. In his latest editorial Mike systematically analyzes why e-books, although so far they have been a failure in the consumer market, are ready to pick up steam. Some issues he raises:

inefficiency in the traditional publishing industry

lack of (financial) incentives for authors to write more books

high price of e-books

few new e-books are published per year

consolidation among book retailers drains profits from independent bookstores

decline of the short story market

books going out of print

insufficiency of e-book devices (contrast ratio, screen resolution)

book piracy.

My favorite quote:

So most of the value added by publishers is logistical - they manage the complicated production process, get the book placed in stores, handle returns, and so on. If the printing and bookselling process is bypassed, the value-add of most publishers goes away. And so, perhaps, does the publisher.